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tv   [untitled]    January 12, 2012 9:31am-10:01am PST

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million, including 3767035 in the $5,000 of principal, with an estimated average debt service payment of $6 million. single-family residence would be assessed with an assessed value of [unintelligible] including the homeowner's exemption paying annual property taxes to the city of $14.30. we recommend you -- approved the proposed ordinance for resolutions files 11, 13, 43, in 46. >> -- supervisor chu: in terms of a life that this will be amortized over, 20 years, is that tied to the life of the asset? generally it is 20? >> generally it is 30, but the city won the 30 years. the time that we took it to the voters, we recommended 25 years
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because that is what we could amortize over to meet the threshold of the capital plan. the first issuance was 20 years, so that we could accommodate the 20 year plan. the idea was to review it again and reduce it to 20, to conform. supervisor chu: thank you. i am not sure if you can speak to the department recommendations for the rec park item. >> supervisor, we're happy to sit -- accept the recommendation. supervisor chu: why don't i invite supervisor wiener's office forward for the recommendations to the amendment. >> good morning, chairman,
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supervisors. in the legislative aide for supervisors got wiener, who is offering up -- authorized -- supervisor scott wiener, who is authorizing the amendment, specifically among the needs of the as 78 position. when considering the timing of the first bond issuance, the priority was to secure funds for the project and the date of rhett -- readiness repaid in the projects. before the amendments went before the capital plan committee, though, it made sense in proposition be to maximize coordination between departments and to take advantage of efficiencies and complete street improvement paving and other complementary street infrastructure improvements, such as signals. instead of waiting to make these improvements, the asset m.t.a. decided to take advantage of -- s f mta decided to take
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advantage of the first issuance. it sometimes requires planning and legislation, but there were a number of critical projects that could proceed now. the pri -- proposed issuance could be completed through paving projects, bringing benefits to the public sooner rather than later. so, that is what resulted in the change from $74 million to $76,500,000 in the appropriation ordinance no. 15, and also won 17. thank you. supervisor chu: thank you. colleagues, we have the amendment in hole in front of us. i believe that we have received a copy for the clerk as well. why don't we go to public comment, first, before we take action? are there members of the public that wish to speak on these items? 10, 11, 12, 13, 14, 15, 16, or 17? we will have an opportunity for public comments in future meetings. seeing no one, public comment is
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closed. the couple of items. in terms of the recommendation, can we entertain a motion to accept budget analyst recommendation on those items? the supervisor made the motion, we will do that without objection. in terms of the amendment offered by supervisor wiener in terms of items 15 and 17, which have been submitted for the record, can we take those amendments without objection? bill do that. colleagues, on items 10, lebron, 12, 15, 16, and 17, can we entertain a motion to continue those items into next week? supervisor kim has made the motion. we will do that without objection. finally, item number 14, the release of reserves for the page rail link, pier 43, we have a motion by supervisor avalos to route -- release those reserves and we will do that without
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objection. thank you very much. mr. young, do we have many other items before us? >> that includes the agenda. supervisor chu: thank you. we are adjourned.
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